GTT receives tank design order for 14 LNGCs from Samsung Heavy

French LNG containment specialist GTT has received tank design order from the Korean shipyard Samsung Heavy Industries (SHI) for 14 new LNG carriers.

GTT receives tank design order for 14 LNGCs from Samsung Heavy
Illustration only; Courtesy of Business Wire

On 22 July, GTT said in a statement that it received, at the end of June, an order from its partner Samsung Heavy Industries for the tank design of fourteen new LNG carriers. This includes 12 vessels on behalf of an American ship-owner, and two on behalf of an Asian ship-owner.

As part of this order, GTT will design the tanks of these fourteen vessels. Each will offer a cargo capacity of 174,000 cubic metres and will feature the Mark III Flex membrane containment system.

In June, SHI’s announced it won an order from an undisclosed Bermuda-based shipowner for 12 LNG carriers and an order for two LNG carriers from an African shipowner.

The first order has a value of KRW 3.33 trillion (about $2.5 billion), and the second one is worth KRW 554 million ($424,000).

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SHI will deliver the vessels in the fourth quarter of 2024 and the third quarter of 2026.

According to the latest update, Samsung Heavy’s order book for 2022 amounts to 33 vessels, representing 72 per cent of its annual order target.

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